I was going to say, interesting method, might word
I think when I go home I will be able to do this. My dad has a few files.
How deep should I make it? Also how do I make sure there are no sharp end left over that could cut strings.
No offense intended Sin but if you're asking what type of files to use and how deep to go I would bring it in. Round files are actually best because they don't leave extremely sharp edges for you to snap your strings on. But you can't start out with a round file or it will "walk" across the top of your saddle. You can take a small edge punch and make a small starter notch or "V" in the saddle, then go to a round file. But again, the best way is to have 6 different size files to match your strings, not just a couple random V type files you dad might have on hand. The whole idea of laying a string on the saddle and banging it with a malet is a terrible idea, even if it was done at Gibson.
The depth just has to be deep enough so that the strings don't jump out of the grooves when it's strumed hard. That is usually less than half the string diameter. If you go too deep you will then be dropping the string height in the bridge, which, unless is equal to the rest of the strings, will make your string height inconsistent to the rest of the strings. It will also increase your tendency to buzz on the string that is too low in the saddle. At that point, to get the buzz out you will have to raise the whole bridge, now your action is higher than you might want it.
Give it to someone qualified, you will be happier in the long run.
All the best.